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Shaw Awarded Construction Industry Safety Excellence Constructor Award

BATON ROUGE, La.--(BUSINESS WIRE)--Dec. 13, 2004--The Shaw Group Inc. (NYSE: SGR) today announced that its subsidiary, Shaw Environmental & Infrastructure, Inc., was awarded the prestigious Construction Industry Safety Excellence (CISE) Constructor Award by the Construction Users Roundtable (CURT) at their recent Annual National Construction Conference. The CISE Award is presented in several Standard Industry Classification (SIC) Code Groups. Shaw received the award for the CISE SIC 17 group which includes Construction Specialty Trade contractors with greater than 2 million effort hours annually.

J.M. Bernhard, Jr., Shaw's Chairman and Chief Executive Officer stated, "Shaw is extremely honored to receive such a prestigious award by the Construction Users Roundtable. This honor speaks volumes about the dedicated team of professionals at Shaw E&I and their continued commitment to safety excellence especially considering the hazardous nature of many of our worksites. This award makes me personally proud of our efforts to maintain the highest safety standards in the industry."

The CISE Constructor Award recognizes outstanding safety performance by a contractor over the previous three years. A comprehensive application was submitted by Shaw which included Shaw's OSHA injury/illness statistical data, its effectiveness in managing subcontractor safety performance, its safety management system, and a review of its safety performance with three client companies. The application was then reviewed by the CISE Award committee comprised of construction owners and peers.

The Construction Users Roundtable is an association of leading corporations in the United States, dedicated to the promotion of cost effective construction methods. The members, as major consumers of construction services across the country, seek to foster improved construction safety performance through recognition of the achievement of excellence and promotion of proven effective work practices. The CISE program seeks to encourage efforts by recognition of safety leaders in all segments of the construction industry. The CISE awards aim to highlight the achievement of companies that have created world-class construction safety programs and have shown a dedication to the concept of promoting zero injury.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the power, process, environmental, infrastructure and emergency response markets. A Fortune 500 company, The Shaw Group is headquartered in Baton Rouge, Louisiana, and employs approximately 17,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. For further information, please visit the Company's website at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans," or other similar expressions) and statements related to revenues, earnings, backlog, or other financial information or results are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company's website under the heading "Forward-Looking Statements". These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis visit our website at www.shawgrp.com.

    CONTACT: The Shaw Group Inc., Baton Rouge
             Chris D. Sammons, 225-932-2546
    SOURCE: The Shaw Group Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SHAW GROUP INC's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.


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